KIB Reports 26.6 Million KD in Net Profits Over Nine Months

Sheikh Mohammed Jarrah Al-Sabah, Chairman of the Board of Directors of Kuwait International Bank (KIB), announced that the Group achieved net profits attributable to shareholders amounting to 26.6 million Kuwaiti dinars during the nine months ended September 30, 2026, compared to profits of 20.4 million Kuwaiti dinars during the same period in 2025, representing a growth rate of 30%. Earnings per share also reached 13.51 fils, compared to 9.98 fils during the same period in 2025. Meanwhile, net profit attributable to shareholders for the third quarter alone amounted to approximately 9 million Kuwaiti dinars, reflecting a growth rate of 62%.

Commenting on the results, Sheikh Jarrah stated: “The financial results achieved by KIB during the first nine months of 2026 reflect the Bank’s success in sustaining growth and delivering balanced performance in a regional environment characterized by rapid developments and far-reaching market repercussions. Thanks to our comprehensive strategy, we have effectively navigated these changes while continuing to focus on business quality, income diversification, operational efficiency improvement, and prudent risk management.”

He added: “KIB continued to execute its strategic priorities during the period, leveraging the strength of its customer base and its accumulated expertise in Islamic banking and capital markets. The developments witnessed in the Bank’s operations throughout the year demonstrated its ability to expand the scope of its innovative services and products, diversify its revenue and funding sources, strengthen relationships with customers and investors, and enhance its presence in capital markets at both the local and regional levels.”

Regarding the Group’s financial position, Sheikh Jarrah noted that total assets grew by 8% to reach 4.74 billion dinars as of September 30, 2026, compared to 4.37 billion Kuwaiti dinars as of September 30, 2025. This growth was driven by a 269 million dinar increase, or 8%, in the financing portfolio, bringing it to 3.48 billion Kuwaiti dinars, compared to 3.21 billion Kuwaiti dinars during the same period last year. Additionally, the financial investments portfolio, which includes high-quality sukuk, rose by 62 million Kuwaiti dinars, or 12%, to reach approximately 582.7 million Kuwaiti dinars as of September 30, 2026, compared to approximately 520.4 million Kuwaiti dinars as of September 30, 2025.

On a more diversified and flexible business model, Raed Jawad Bu-Khamseen, Vice Chairman and Chief Executive Officer, stated: “The results achieved by KIB during the first nine months of this year reflect our continuous efforts to develop a more diversified and flexible business model, alongside a focus on enhancing operational efficiency and improving service quality. We have continued to invest in our human and technical capabilities, and in developing solutions that respond to market changes and our customers’ needs.”

He added: “While we continue to work on strengthening our local business, the past period witnessed a notable expansion in KIB’s activity across regional capital markets, underscoring our ability to leverage our banking and investment expertise in new markets and supporting our presence as a trusted partner in Islamic financing.”

Growth in Key Financial Indicators

Bukhamseen reviewed the key financial indicators for the first nine months of 2026 compared to the same period last year. Net fee and commission income rose by 33% to reach 10.3 million Kuwaiti dinars, up from 7.7 million dinars. Net investment income also increased by 4% to 4.5 million dinars, compared to 4.3 million dinars. This contributed to a 7% growth in total operating income, which reached 69 million dinars for the first nine months of 2026, compared to the same period in 2025.

Regarding the Group’s financial position, Bukhamseen noted that customer deposits grew by 2% to reach 3.08 billion dinars as of September 30, 2026, compared to 3.03 billion dinars as of September 30, 2025. Total shareholders’ equity also grew by 1% to 374 million dinars as of September 30, 2026, compared to 371 million dinars as of September 30, 2025. He emphasized the bank’s continued maintenance of high total capital adequacy ratios in accordance with Basel 3 regulations, which stood at 20.32% as of September 30, 2026. The liquidity coverage ratio reached 238.1% as of September 30, 2026, further supporting the bank’s ability to continue executing its growth plans.

Issuance of Sukuk Worth $500 Million

In a related development, Bukhamseen highlighted KIB’s success in September 2026 in pricing its first issuance of unsecured senior sukuk, valued at $500 million USD with a five-year tenor, under a $1.5 billion USD sukuk issuance program. He explained that the issuance attracted strong investor demand, with total subscription orders reaching approximately $1.2 billion USD, equivalent to 2.4 times the size of the issuance. The sukuk were priced at a margin of 95 basis points above US Treasury yields, with an annual profit rate of 5.502%. He noted that this issuance represents a significant addition to the long-term funding base, enhancing liquidity and liability management flexibility. It also reflects investor confidence in the bank and its ability to access international capital markets and utilize Sharia-compliant financing instruments, thereby supporting its future growth plans.

Growing Presence in Regional Capital Markets

Regionally, KIB, represented by its Islamic investment arm, KIB Invest, participated as a joint lead manager in the pricing of the third issuance of guaranteed international sukuk by the Saudi government for the Saudi Real Estate Refinancing Company, with a total value of $2.75 billion USD. This supports the bank’s strategy to expand its network of relationships with international financial institutions and investors, and to continue developing its activities in debt and Islamic finance markets.

Highest Honors

KIB continued to win top regional and international awards reflecting the efficiency of its business model and its banking leadership. The bank was awarded “Best Bank in Real Estate Banking and Real Estate Technology Innovation in Kuwait for 2026” by the International Union of Arab Bankers, in recognition of its leadership in providing integrated real estate banking services and its efforts to develop innovative digital solutions that enhance the experience of customers and investors. The award was presented during the 2026 Arab Banking Excellence and Achievement Awards ceremony.

Two prestigious awards were won by the bank for its $300 million second-tranche sukuk issuance, securing two top honors from the global Islamic Finance News (IFN) organization: the Kuwait Deal of the Year 2025 Award and the Regulatory Deal of the Year 2025 Award. This achievement underscores the significance of the issuance and the bank’s strong position in Islamic capital markets. The awards were presented during the IFN Awards ceremony held in Dubai.

Strategy for Growth and Sustainability

Al-Jarrah and Bu-Khamseen affirmed that the results achieved during the first nine months of 2026 confirm KIB’s ability to continue implementing its strategic plans amid a changing regional environment, while maintaining a clear balance between growth, profitability, and risk management. They noted that priorities for the coming phase include developing core businesses, diversifying income sources, and improving operational efficiency, alongside continued investment in technology, enhancing customer experience, and maintaining a balanced approach to capital, liquidity, and risk management.

Appreciation for the Regulatory Role

Al-Jarrah and Bu-Khamseen expressed their appreciation for the supervisory and regulatory role of the Central Bank of Kuwait, as well as the pivotal role played by the Capital Markets Authority in developing Kuwait’s investment environment. They also commended the efforts of the Board of Directors, the executive management, and all KIB employees, emphasizing that the achievements during the reported period reflect integrated efforts and ongoing work to build a stronger and more sustainable foundation for growth.

A Bank for Life

Kuwait International Bank (KIB) operates in accordance with Islamic Sharia principles and is headquartered in the State of Kuwait. Established in 1973, KIB was initially known as the Kuwait Real Estate Bank before transitioning into an Islamic bank in 2007. In 2018, KIB embarked on a new chapter in its journey of development and transformation through a new strategy focused on delivering a superior customer experience under the slogan “A Bank for Life.” Through its branch network spread across Kuwait, KIB offers a diverse and comprehensive range of banking products and services, along with innovative digital solutions aligned with international best practices. In line with its national mission, KIB provides a leading corporate social responsibility program aimed at positively impacting society and individuals through numerous purposeful initiatives and activities.

Today, KIB is steadily advancing in the implementation phase of its strategic objectives, having solidified its role as a key player in the Kuwaiti banking sector. It has consistently maintained its strong financial position and outstanding performance, earning international recognition due to its robust credit rating and solid financial standing.